USD/JPY seesaws around four day low. 107.56/50, two-month-old rising trend line limits near-term declines. Although 200-day SMA becomes the key upside for USD/JPY, the quote refrains from further declines while taking rounds to 108.50 during early Monday. 200-day Simple Moving Average (SMA) level of 109.10 and 61.8% Fibonacci retracement of April-August downpour at 109.40 act as important resistances that hold the gate for pair’s rise to 110.00. Pair’s downside has strong support of 100-day SMA and 38.2% Fibonacci retracement confluence around 107.56/50, a break of which could drag the quote two-month-old rising support line, at 107.30. Technical indicators, namely 14-bar Relative Strength Index (RSI) and 12-bar Moving Average Convergence and Divergence (MACD) are mostly in favor of the pair’s further advances. Though, a lower high formation and important SMA question buyers. USD/JPY daily chart Trend: sideways FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cryptocurrencies price prediction: Bitcoin, Ripple & Monero – Asian Wrap 21 Oct FX Street 3 years USD/JPY seesaws around four day low. 107.56/50, two-month-old rising trend line limits near-term declines. Although 200-day SMA becomes the key upside for USD/JPY, the quote refrains from further declines while taking rounds to 108.50 during early Monday. 200-day Simple Moving Average (SMA) level of 109.10 and 61.8% Fibonacci retracement of April-August downpour at 109.40 act as important resistances that hold the gate for pair's rise to 110.00. Pair's downside has strong support of 100-day SMA and 38.2% Fibonacci retracement confluence around 107.56/50, a break of which could drag the quote two-month-old rising support line, at 107.30. Technical indicators, namely 14-bar… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
